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Robinhood Markets, Inc. (HOOD) Stock Sinks As Market Gains: What You Should Know
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Robinhood Markets, Inc. (HOOD - Free Report) closed the most recent trading day at $17.11, moving -1.95% from the previous trading session. This change lagged the S&P 500's 0.14% gain on the day. Elsewhere, the Dow gained 0.25%, while the tech-heavy Nasdaq lost 0.34%.
Coming into today, shares of the company had lost 32.73% in the past month. In that same time, the Finance sector gained 2.58%, while the S&P 500 gained 4.32%.
Robinhood Markets, Inc. will be looking to display strength as it nears its next earnings release.
Investors might also notice recent changes to analyst estimates for Robinhood Markets, Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 18.37% higher. Robinhood Markets, Inc. currently has a Zacks Rank of #2 (Buy).
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 15, which puts it in the top 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Robinhood Markets, Inc. (HOOD) Stock Sinks As Market Gains: What You Should Know
Robinhood Markets, Inc. (HOOD - Free Report) closed the most recent trading day at $17.11, moving -1.95% from the previous trading session. This change lagged the S&P 500's 0.14% gain on the day. Elsewhere, the Dow gained 0.25%, while the tech-heavy Nasdaq lost 0.34%.
Coming into today, shares of the company had lost 32.73% in the past month. In that same time, the Finance sector gained 2.58%, while the S&P 500 gained 4.32%.
Robinhood Markets, Inc. will be looking to display strength as it nears its next earnings release.
Investors might also notice recent changes to analyst estimates for Robinhood Markets, Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 18.37% higher. Robinhood Markets, Inc. currently has a Zacks Rank of #2 (Buy).
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 15, which puts it in the top 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.